ManpowerGroup Inc. (MAN) Given a $77.00 Price Target at Deutsche Bank AG
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of ManpowerGroup from a buy rating to a hold rating in a report on Monday. BMO Capital Markets reissued an outperform rating and set a $81.00 price target on shares of ManpowerGroup in a research report on Tuesday, September 27th. Piper Jaffray Cos. reissued an overweight rating and set a $85.00 price target on shares of ManpowerGroup in a research report on Friday, August 26th. Macquarie assumed coverage on shares of ManpowerGroup in a research report on Thursday, August 25th. They set an outperform rating and a $86.00 price target for the company. Finally, Argus reissued a buy rating and set a $78.00 price target on shares of ManpowerGroup in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $82.83.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, July 21st. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.08. ManpowerGroup had a net margin of 2.23% and a return on equity of 17.19%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the business earned $1.33 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis.
In other news, EVP Handel Michael J. Van sold 31,855 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $69.77, for a total transaction of $2,222,523.35. Following the sale, the executive vice president now owns 31,378 shares of the company’s stock, valued at approximately $2,189,243.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Handel Michael J. Van sold 57,348 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the sale, the executive vice president now directly owns 40,931 shares in the company, valued at approximately $2,870,491.03. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Several large investors have recently modified their holdings of MAN. Natixis bought a new stake in ManpowerGroup during the first quarter worth about $16,911,000. A.R.T. Advisors LLC bought a new stake in ManpowerGroup during the first quarter worth about $777,000. Springbok Capital Management LLC boosted its stake in ManpowerGroup by 712.2% in the first quarter. Springbok Capital Management LLC now owns 8,650 shares of the company’s stock worth $704,000 after buying an additional 7,585 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in ManpowerGroup by 1.0% in the first quarter. Envestnet Asset Management Inc. now owns 17,369 shares of the company’s stock worth $1,414,000 after buying an additional 177 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in ManpowerGroup during the first quarter worth about $212,000. 94.88% of the stock is currently owned by institutional investors and hedge funds.
ManpowerGroup Company Profile
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
Receive News & Stock Ratings for ManpowerGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup Inc. and related stocks with our FREE daily email newsletter.